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AT&T Closes $23 Billion Deal to Acquire Spectrum From Echostar

The acquisition adds about 50 MHz of spectrum nationwide and supports faster download speeds as AT&T reiterates its 2026 financial outlook.

  • AT&T closed its previously announced transaction on Tuesday to acquire wireless spectrum licenses from EchoStar for approximately $23 billion, significantly boosting the carrier's 5G capacity nationwide.
  • Following FCC approval in May 2026, the deal addresses regulatory inquiries about EchoStar's slow 5G rollout. The transaction was first announced in August last year, resolving spectrum utilization concerns.
  • Acquisition adds approximately 50 MHz of low-band and mid-band spectrum to AT&T's holdings, including approximately 30 MHz of 3.45 GHz mid-band and approximately 20 MHz of 600 MHz low-band spectrum.
  • AT&T maintains plans to return $45 billion to shareholders during 2026–2028 while expecting its net debt-to-adjusted EBITDA ratio to return to target within approximately three years following the closing.
  • Strengthening its position in advanced connectivity, the Company aims to deliver an AI-ready connected experience by enhancing superior uplink capabilities, building on 150 years of innovation.
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AT&T Closes Acquisition of Spectrum Licenses from EchoStar

Transaction boosts AT&T's 5G capacity nationwide, giving customers across the U.S. a stronger, faster connection

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Reuters broke the news in London, United Kingdom on Tuesday, July 28, 2026.
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